Distressed Loans Closing Operations Specialist Middle Office
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Job Summary
Contract Role: Distressed Loans Closing Operations Specialist - Middle Office
Contract Location: London. (Onsite MondayFriday 08:3018:30)
Contract Duration: 6 months initially
Contract Start Date: Immediate
Contract Classification: Inside IR35
This is an exciting opportunity to join Deloitte Operations for an engagement with one of our premiere Tier 1 Investment Banking clients.
Credit Loans Middle Office works in partnership with various business teams to ensure efficient pre-trade due diligence execution and settlement (the closing role) of both primary and secondary loans.
The team is responsible for helping to maintain the integrity and accuracy of the risk positions taken by the firm and resolving any trade settlement issues that may arise
Key Accountabilities
- Monitoring trading systems for new trades and confirming trades with outside clients
- Drafting reviewing & negotiating transfer documents (including trade confirms & transfer certificates
- Liaising with Legal Compliance Credit Trading Desks Agency and Servicing teams to ensure necessary approvals are obtained pricing/cashflows are agreed reconciled and settled within our system
Essential Skills/Basic Qualifications:
- 2 years experience working with distressed loans distressed debt non-performing loans (NPLs) leveraged loans or special situations within an investment banking environment. Candidates with 58 years experience are also encouraged to apply.
- Demonstrable experience across loan closing loan servicing or loan agency supporting primary and secondary loan markets.
- Must have Middle office operations experience
- Strong understanding of the loan lifecycle including trade capture settlement funding lifecycle events amendments restructurings and reconciliations.
- Experience interpreting and navigating Loan Credit Agreements transfer documentation and trade confirmations.
- Experience drafting reviewing and negotiating transfer documentation including trade confirms and transfer certificates.
- Strong understanding of settlement processes for performing and non-performing loans.
- Professional approach and ability to communicate well directly with external parties such as borrowers lenders and other agents
Required Skills:
Financial crime
